After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Absci Reports Business Updates and Fourth Quarter and Full Year 2023 Financial and Operating Results.
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Stocks Info
Absci Corp is listed on the NASDAQ in the Healthcare sector while operating in the Biotechnology industry. The current market capitalization of Absci Corp is $592.10M. A total of 1.55 million shares were traded on the day, compared to an average of 1.65M shares.
In the most recent transaction, Redmile Group, LLC bought 222,222 shares of ABSI for 4.50 per share on Mar 01 ’24. After the transaction, the Director now owns 8,253,316 company shares.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, ABSI has a high of $6.40 and a low of $1.11.
As of this writing, ABSI has an earnings estimate of -$0.25 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.21 per share and a lower estimate of -$0.27. The company reported an EPS of -$0.45 in the last quarter, which was -87.50% lower than expectations of -$0.24.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ABSI’s latest balance sheet shows that the firm has $252.57M in Cash & Short Term Investments as of fiscal 2021. There were $20.01M in debt and $33.86M in liabilities at the time. Its Book Value Per Share was $1.89, while its Total Shareholder’s Equity was $366.11M.
Analysts Opinion
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ABSI is Buy with a score of 4.67.
